The Hanover Insurance Group (THG) Set to Announce Earnings on Wednesday

The Hanover Insurance Group (NYSE:THG) is scheduled to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $2.62 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, meeting the consensus estimate of $1.88. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the business posted ($1.91) EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts expect The Hanover Insurance Group to post $11 EPS for the current fiscal year and $14 EPS for the next fiscal year.

The Hanover Insurance Group Stock Performance

NYSE:THG opened at $150.83 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 33.82 and a beta of 0.69. The Hanover Insurance Group has a 1 year low of $112.22 and a 1 year high of $155.84. The stock’s 50 day simple moving average is $145.29 and its two-hundred day simple moving average is $135.46.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.25%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is presently 76.23%.

Analyst Ratings Changes

A number of equities analysts have commented on THG shares. Bank of America lifted their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price target on shares of The Hanover Insurance Group in a research report on Tuesday, October 15th. Piper Sandler upped their price objective on The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods lifted their target price on The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, The Hanover Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $160.20.

Insider Buying and Selling at The Hanover Insurance Group

In related news, Director Kathy S. Lane sold 1,884 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total transaction of $252,889.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other The Hanover Insurance Group news, Director Kathy S. Lane sold 1,884 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeffrey M. Farber sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $45,000.00. Following the completion of the sale, the executive vice president now owns 89,733 shares of the company’s stock, valued at $13,459,950. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,303 shares of company stock worth $4,372,203 over the last 90 days. Company insiders own 2.40% of the company’s stock.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.